When it comes to sports betting in the US, online platforms outperform retail sportsbooks. However, the opposite is happening in the District of Columbia. The retail sportsbook crushed the DC Lottery betting app in August.
According to sports betting solutions reports, DC Lottery’s GamBetDC mobile app earned a tax revenue of around $263,000 in August. Thus, the sports betting app reached the $17-million milestone in just a month. DC Council estimated that it would reach the milestone in a fiscal year.
GamBetDC launched in May. However, it suffered because of the cancellation of sports events. People criticized the online platform for having bad odds. Thus, smart players avoided using it. According to DC Lottery, the platform’s handles tripled from July to August. It was the time when most major sports leagues resumed their schedules.
DC Lottery Sports Betting App
Despite the excellent showing in August, DC officials lowered the sports betting app’s potential contributions to the 2021 budget to $12 million from the previous estimate of $28 million. Also, its performance was worse than the new retail sportsbook at Capital One Arena.
According to a white label sports betting solution provider, William Hill opened the sportsbook last August. Although the retail sports betting venue had a limited number of ticket counters and kiosks, it earned almost triple the online app’s $3.1 million in three months. Also, DC’s share of the action is around $140,000.
Intralot got the contract to run the online sports betting platform ion DC. However, many people criticized how the live betting platform provider got the deal. The contract remained valid despite the challenges and paved the way for Intralot’s monopoly of the mobile betting market in DC.
Although betting online is more convenient, players prefer going to Capital One Arena to get better wagering value. William Hill tries its best to offer good odds, unlike the ones found on the GamBetDC app.
